From Global Markets 9:11 am
Markets show signs of recovery after sharpest single-day fall.
From Global Markets 9:01 am
Gfk German Consumer Climate Index rises to 6.5 from 6.2 in previous month.
From Economy 7:35 am
Holiday revelers looking forward to the Memorial Day Weekend are being advised to work around their travel itineraries as authorities expect a massive holiday-related traffic jam following the collapse of a portion of the Interstate 5 Skagit River Bridge in Washington, US on Thursday evening.
From Economy 7:04 am
European Central Bank President says 'Europe needs a more European UK.'
From Global Markets 6:10 am
Wall Street opens lower but makes up most of the losses by end of day owing to rally in HP stock.
From Politics & Policy 6:09 am
Police officials in the state of New South Wales have personally downloaded, created and experimented with the 3D-printed gun "The Liberator" and found the plastic gun will hit both target and owner.
From Global Markets 5:35 am
Apparently, signs of the China's economic recovery are weakening as the latest flash manufacturing PMI showed that factory activity slumped significantly in May. Data released by HSBC Holdings Plc indicated that the economic growth of the world's second economy was visibly slackening in the second quarter of the year. It seems that bad days are gathering over China's manufacturing.
From Global Markets 5:34 am
Yesterday we wondered whether Federal Reserve Chairman Ben Bernanke, in his speech to Congress, would come out in support of his colleagues (and the banks) or whether he'd speak with one eye on his legacy.
From Global Markets 5:16 am
Despite a slight rise on the open, local shares are falling by 1.3 per cent, taking the losses for the week so far to more than 3.5 per cent. If markets continue in this direction for the rest of the session, we're set to have the worst week in a year.
From Economy 3:27 am
Latest data from the China Customs Statistics Information Center had revealed that China, which feeds more than 95 per cent of the world's demand for rare earths, had exported 2,196 metric tonnes of the precious metals in April, buoyed by the prevailing low global market prices as well as improved demand from Japan.
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